尽管环境有挑战性，但是，Symrise AG可靠地继续在2020年在2020年延续其有利可图的增长课程。本集团将其销售额增加3.3％至3,520万欧元，考虑到投资组合和货币换算效果。在有机方面，销售额增长2.7％。因此，本集团的市场增长显着优势，估计在2020年的1.0％以1.0％以1.0％为1.0％。同时，随着12月份的业务发展受到刑事网络攻击的影响。2020年利息，税收，折旧和摊销（EBITDA）盈利（EBITDA）的收益增加了5.8％至7.42亿欧元。盈利能力达到了21.1％的EBITDA余量，在预期的保证金范围内。在良好表现的背景下，执行局和监事会提出股息2020年度股东大会上涨至0.97欧元。
“在历史上非常艰难的一年2020, Symrise AG achieved a very solid result. Despite the shifts in demand resulting from the global coronavirus pandemic, we did an excellent job of staying on track until our progress was thwarted by a criminal cyber-attack on the final miles. Even though we were not able to fully achieve our growth targets, we nevertheless kept our profitability at a high level and continued to increase earnings. Once again, this success proves that we have a robust business model and that our dedicated employees reliably create value. We therefore also want our shareholders to participate in the success of the Company for 2020. The Executive and Supervisory Boards will propose a dividend of € 0.97 to the annual general meeting. This is the eleventh dividend increase in succession,” said Dr. Heinz Jürgen Bertram, CEO of Symrise AG. “Battling the pandemic will continue to define people’s everyday lives and economic conditions in 2021. However we look with confidence into the current financial year and expect reliable demand. Against this background, we are targeting organic sales growth of 5 to 7 % and an EBITDA margin of around 21 %.”
尽管冠状病毒大流行和网络攻击，但销售增长
In 2020, business performance was also defined by the global coronavirus pandemic at Symrise. The pandemic led to changes in consumer behavior and shifts in demand. However, owing to its highly differentiated business model, Symrise very reliably succeeded in continuing its profitable growth course. Taking portfolio and currency translation effects into account, sales went up by 3.3 % to € 3,520 million (2019: € 3,408 million). Organic sales growth amounted to 2.7 %. Even in the exceptionally difficult year 2020 with its huge challenges caused by the pandemic, the Group grew significantly faster than the relevant market for fragrances and aromas, which is estimated to have grown by 1.0 %. However, organic sales remained slightly below the targeted increase of between 3 to 4 % which was specified in the middle of the year. The reason was the cyber-attack in December, which led to temporarily significant restrictions in business workflows. As a consequence, organic sales growth in the fourth quarter was negatively affected and amounted to only 0.7 %. Without this one-off effect, Symrise would have achieved its growth targets on the back of good sales development in October and November, as well as a robust order backlog.
与前一年的数字相比，盈利能力显着增加
Symrise increased earnings before interest, taxes, depreciation and amortization (EBITDA) to € 742 million despite comprehensive investments in future growth projects. This corresponds to an increase of 5.8 % as compared to the normalized prior-year’s level of € 701 million (EBITDA(N)). The biggest investment projects included expansion of production capacities for menthol and cosmetic ingredients, as well as the modernization of terpene production in the Aroma Molecules division in the USA. Furthermore, Symrise also invested in new production locations in China and Columbia.
Symrise also increased its profitability in the fiscal year 2020. The EBITDA margin rose to 21.1 % and exceeded the prior-year figure (2019 EBITDA(N) margin: 20.6 %). This means that once again, Symrise ranked among the most profitable companies in the sector.
该期间的净收入增长了1100万欧元至307百万欧元（2019欧元标准化：2.96亿欧元）。因此，每股收益增加到2.27欧元（2019年标准化：2.20欧元）。在这一积极发展的背景下，执行局和监事会将向年度股东大会提出股息2020财年每股汇率0.97欧元（2019年：€0.95）。
Strong operating cash flow
Symrise increased the business free cash flow by 18 % year-on-year to € 564 million (2019 normalized: € 476 million). This represents a share of 16 % in sales (2019 normalized: 14.1 %). The development was driven above all by the strong increase in earnings as well as a decline in working capital which was also reduced due to the temporary interference in production caused by the cyber-attack.
由于强劲的经营现金流量，净债务包括租赁负债的债务减少到2020年的26900万欧元至1,348,000,000欧元（2019年：16.17亿欧元）。净债务（包括与抚恤金和类似义务的相关规定）的比率低于前进人的数据，并于2020年12月31日达到2.7（2019年：3.2），尽管养老金的规定增加了规定。
The equity ratio decreased year-on-year from 41.3 % to 39.8 % due to currency effects. Symrise sees itself as very well positioned to sustainably advance future development of its business.
Scent & Care segment
The Scent & Care segment generated sales of € 1,370 million and achieved organic growth of 1.5 %. Taking negative currency translation effects into account, sales in reporting currency were 3.5 % below the prior-year figure. Furthermore, the cyber-attack caused impairments to the business.
冠状病毒大流行对细分市场各个应用领域的销售产生了非常多样化的影响。特别是，对健身和卫生产品的强烈需求产生了消费香料和口腔护理的销量上升。雷竞技下载二维码两个应用领域都张贴了两位数或高单位数的有机百分比生长。相比之下，由于大流行，因此，由于大流行，因雷竞技下载二维码此，由于大流行，因此，由于大流行，因此，由于国际旅行活动非常受限制。芳香分子和化妆品成分部门的销售额也接受了混合发育，每个人略低于良好的前一年。
香味和护理在去年€278万后，2020年的EBITDA为2.72亿欧元。19.8％的EBITDA利润率略高于2019年的水平（19.6％）。
In November 2020 Symrise signed a purchase agreement for the acquisition of the fragrance and aroma chemicals business of Sensient Technologies Corporation. Symrise is thereby continuing to expand its leading position as a provider of fragrance and aroma chemicals for applications in bodycare and household products in the future. This step will also strengthen the Company’s presence especially in EAME and Latin America.
味道segment
The Flavor segment generated sales of € 1,225 million in the fiscal year 2020 and consequently experienced organic growth of 0.7 %. Taking negative currency translation effects into account, sales in reporting currency were 2.6 % below the prior-year figure. The cyber-attack at the end of the year and changes in consumer behavior resulting from the coronavirus pandemic also impacted sales development in this segment: The global trend toward cooking and eating at home led to a strong demand for savory products in all regions. At the same time, internationally reduced out-of-home leisure activities led to a lower demand for beverage products and sweets. Latin America was the only region largely unaffected by the coronavirus pandemic and generated the strongest growth over the course of the fiscal year.
味道分部的EBITDA达到2.67亿欧元（2019年：2.28亿欧元）。盈利能力保持在一个非常高的级别，EBITDA利润率为21.8％（2019年：21.4％）。
Nutrition segment
Nutrition achieved an increase in organic sales of outstanding 8.2 %. Taking portfolio and currency translation effects into account, sales in reporting currency increased by 26.6 % to € 926 million. Once again, the strongest growth driver in all regions was the Pet Food application area. The business of the US-based ADF/IDF Group, which was acquired in November 2019, developed very well and exceeded expectations. Overall, this business achieved sales of € 209 million in the fiscal year 2020.
The Nutrition segment increased EBITDA to € 204 million and thereby significantly exceeded the normalized prior-year figure (2019 EBITDA(N): € 155 million). The EBITDA margin increased, also supported by ADF/IDF, to 22.0 % (2019 EBITDA(N) margin: 21.2 %).
Symrise confirms long-term growth and profitability targets
Overall, Symrise is looking ahead to the fiscal year 2021 with confidence. The delivery backlogs caused by the cyber-attack have now been largely resolved and the IT systems have been fully restored. Furthermore, Symrise is assuming that the global economy will recover with rising vaccination rates and improved methods to combat the pandemic. The Group therefore wants to return to its original growth momentum and is targeting organic sales growth of 5 to 7 % for 2021. Symrise would thus again grow significantly faster than the relevant market, which is expected to grow by around 3 to 4 %. Regarding profitability, the Company is aiming to achieve an EBITDA margin of around 21 % despite slightly rising raw material costs.
Symrise认为潜在的增长动力its own business as being intact and believes it is very well positioned to also realize its medium-term forecast. The Company therefore confirms its target of achieving average annual growth of between 5 and 7 % (CAGR) by the end of 2025. Symrise has aligned its business model along key global megatrends, including an increasing world population, economic progress in emerging markets and the trend toward healthier nutrition and natural ingredients. Thanks to its global positioning, its highly diversified portfolio and its broad customer base covering a wide range of varied market segments, Symrise regards itself as being very well positioned to meet the emerging demand.
Furthermore, the Group will continue to invest in growth projects, while at the same time maintaining disciplined cost management and focusing on business with strong margins. For Symrise the priority is on organic growth which can, however, be complemented by targeted value-adding acquisitions as well as by strategic partnerships.
